Mutual Advisors LLC Makes New Investment in SAP SE (NYSE:SAP)

Mutual Advisors LLC bought a new stake in SAP SE (NYSE:SAP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 889 shares of the software maker's stock, valued at approximately $247,000.

Several other institutional investors have also recently added to or reduced their stakes in SAP. Principal Street Partners LLC grew its stake in shares of SAP by 1.0% in the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after buying an additional 35 shares in the last quarter. Alaethes Wealth LLC lifted its holdings in shares of SAP by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of SAP by 3.1% in the 1st quarter. D Orazio & Associates Inc. now owns 1,366 shares of the software maker's stock worth $367,000 after purchasing an additional 41 shares during the last quarter. Warther Private Wealth LLC increased its position in SAP by 2.8% in the 1st quarter. Warther Private Wealth LLC now owns 1,711 shares of the software maker's stock valued at $459,000 after acquiring an additional 47 shares during the period. Finally, Moors & Cabot Inc. increased its position in SAP by 4.9% in the 4th quarter. Moors & Cabot Inc. now owns 1,022 shares of the software maker's stock valued at $252,000 after acquiring an additional 48 shares during the period.

Analysts Set New Price Targets

SAP has been the topic of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets lifted their price objective on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Wells Fargo & Company started coverage on SAP in a report on Tuesday, May 20th. They set an "overweight" rating on the stock. Finally, Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They issued an "overweight" rating on the stock. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $271.83.

SAP Stock Performance

SAP stock traded down $3.38 during mid-day trading on Friday, hitting $302.84. 405,152 shares of the company were exchanged, compared to its average volume of 1,088,778. SAP SE has a 1-year low of $194.93 and a 1-year high of $313.28. The business has a 50 day simple moving average of $299.09 and a 200-day simple moving average of $278.96. The stock has a market capitalization of $372.03 billion, a PE ratio of 58.02, a price-to-earnings-growth ratio of 4.43 and a beta of 1.30. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.15.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.